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%, which meant it was getting broad support from all sectors of the economy. i did make a mistake, which was turning it over to iraqi politicians. i should have turned it over to judges, people who did not have a political ax to grind. on the army, there was no question it was the right thing to do not to recall the army. we should have not said it was disbanding it. the pentagon said it would be self-demobilized. it would have been a big mistake to have called the army back. it would have led to the break up iraq. the kurds were very clear they would secede. when we did try to bring back a single battalion in april 2004, it went immediately over to the insurgency and started shooting at americans. it did not work. building the army from the bottom up -- a new army from the bottom up -- was the right path. today, the iraqi army is the most respected institution in the country. >> when you look back your tenure in baghdad, it was a difficult time. are you proud of what you did? >> i am satisfied. proud is probably going to far. i think that the 3000 civilians who work in the cpa from 25 d
is not buying it. and some economists are now saying that there's a shadow economy that could explain why the retail sales are rising despite static credit spending and paychecks. an explanation at last. at it all ahead unless breaking news changes everything. >>> from fox, at 3:00 in new york city, seven u.s. marines are dead and several others hurt after a training exercise in nevada. it happened at hawthorne army depot there last night. the military uses that base to store weapons and train troops. according to military sources, large mortar, like the one you see hour, somehow exploded. officials describe frantic scene. it was 45-minute chopper flight to the nearest trauma center in reno. today the white house says the president is watching the developments. >> the president's thoughts and prayers go to the families of those who were lost and those who are injured. we're obviously in the early stages of assessing the incident. it's a tragedy, clearly, and the president was briefed immediately on -- and made aware of it immediately and briefed on it, and we're monitoring the situation.
, it has taken us 40 years to build our economy to the level it is. with done one day -- within one day, we have shot it down. we are very betrayed. >> they can do it anywhere. live in europe, europe has betrayed us. >> at one stage, the crowd was urged to march towards the presidential palace. many people believed their savings had been guaranteed. what is clear is that the bailout deal negotiated in brussels cannot be implemented here except in the face of furious opposition. will have depositors to pay -- just reducing the amounts savers and depositors will have to pay probably won't be enough. teeple are still trying to get their money out of cash machines, but there are limits on how much they can withdraw. a parliamentary vote on the bailout has been postponed yet again. the government feared it might not win a majority for the bailout. without extra funding, cyprus faces bankruptcy. the british community around -- the british community, around 60,000, is also assessing its losses. cypriot friends are in shock. >> they felt as though someone had put their hand in their pocket and take
setback for chancellor angela merkel, just when she needed a victory with hard-hit eurozone economies contracting and german taxpayers nervous of the cost of bailouts. opposition parties are demanding the chancellor improve her track record. >> the fiscal cliffhanger in cyprus has turned into a major headache for angela merkel in her role as crisis manager. for many on the island, germany as part of the problem, but she points out that the troika is the negotiating partner for any bailout, not germany. >> politically, it is important that cyprus create a sustainable banking sector for the future. their current model is not sustainable. >> merkel also stressed that the eu had requested a levy on private accounts above 100,000 euros and not the 20,000 suggested by cyprus' government, but the german government says the cyprus debacle is covered in angela merkel's fingerprints and she must find a solution. >> the chancellor must make sure that the deal is struck which represents the interests of cyprus and stabilizes the european economic zone. >> but according to mrs. merkel, the ball is
's economy after a week on the brink of disaster. talks have significantly overrun, adding to fears that the deal is far from certain. we will go live to brussels in a moment. >> president nicos anastasiades left of cyprus behind for a chilly brussels. he is trying to broker a deal with eu finance ministers by monday to secure aid for his beleaguered country. his eu colleagues are demanding the cyprus raise the sum of 5.8 billion euros itself in order to release a rescue loan package. a compulsory levy on savings may be the only answer. but major investors in cyprus's biggest bank, the bank of cyprus, could lose up to 20% of their deposits. not surprisingly, it's an unpopular measure. >> nearly everyone's going to lose some money. of course, the amount will be greater for some than for others. and that's that. >> there is anger at the nation's creditors. >> the germans are only interested in themselves. they don't care about anyone else. >> cyprus's banks have been closed for a week. the european central bank has threatened to cut off the island's emergency funding should no deal be
own way. toyou can go to c-span.org check out "first ladies." spoke about the economy and monetary policy. you can see all of the news conference tonight a on c-span. , our policy has two main elements. first, we decided to continue purchasing mortgage-backed perrities at a pace of -- month. it bears to emphasize that the committee has described this program in terms of a monthly pace of purchases rather than a total amount of expected purchases. evolution of the program to economic criteria. within this framework, the committee can vary the pace of purchases. at this meeting, the committee judge -- second, the committee kept the target to the federal fund rate. it will remain appropriate for a considerable time after the purchase program ends and if the economic recovery strengthens. the low range for the fund rate will be appropriate as long as the unemployment rate remains above 6.5%. if economic conditions provided in the guidance are a threshold and not triggers, crossing one or more these marshaled will not automatically lead to an increase in rates. rather the committee will
as soon as possible and to stir growth. they bumped liquidity into the economy, but he said he took extreme care to make sure the country did not shoulder the countries debt. he also said they could not change fast enough to keep pace with the ageing population and the progress has caused the economy to stall. the consulting chief researcher spoke about his five years in office. he criticized the governor for not working hard enough to pull the country out of deflation. he said he worried too much about the risks of inflation that could set in if he took bold, monetary measures. >> he was able to end deflation. he failed to clearly outlike the boj's responsibilities and to appeal to the public that they would take aggressive steps. >> but he gave him credit for helping to stabilize the financial system. japan did not experience a financial crisis despite the collapse of lehman brothers and the earthquake two years ago. here are the latest market figures. >>> people across iraq are looking back on a war that took away one problem and replaced it with many others ten years ago on marc
as possible, and spur economic growth. the band bought bounds to pump liquidity into the economy. but he expressed that he had taken extreme care to make sure they did not end you have shouldering the country's debt. also, he said they could not change fast enough to keep up with the ageing population. chief researcher spoke about his time in his he criticized the boj governor for not working hard enough to get the country out of deflation. >> translator: end deflation. he failed to clearly outlike the boj's responsibilities and to appeal to the public that they would take aggressive steps. >> but he gave him ret for stabilizing the system. >>> transportation officials sri lanka have opened a new international airport with a lot of help from china. they have high hopes it will give the economy a boost. cholaphansa narula in bangkok is following the story. president mahinda rajapaksa attended the ceremony. he sees it as a way for sri lanka to revitalize itself. nhk world reports. >> reporter: the airport was built in the southern district. the first flight arrived on monday. coming out of
of america's biggest cities. siemens. answers. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> it is the kind of plot you may find in a spy model, older man falls for a beautiful young women and falls for something and it isn't love. that's what allegedly happens with this defense contractor and former army officer. he is charged with passing nuclear secrets to his chinese girlfriend. here is cnn's brian todd. >> reporter: he is an army reservist with top secret clearance, doing contract work for contract command in ohio. benjamin bishop stands accused of leaking nuclear secrets, weapons, war plans, early warning radar systems. u.s. officials say he gave them to a chinese woman 32 years younger who he was having a relationship with. bishop was arrested and in is in custody. his attorney says this. >> served his country honorably for 29 years. maintains he would never do anything to intentionally harm the united states. >> reporter: is the woman a chinese spy? court documents identify her as person one. 27 years ol
. if the economy hobbles along and don't get me wrong, the markets are roaring, we've had a few days where it has slowed just a bit. but the average american, the pedestrian middle class family how well are they doing? how confident are they? and if the economy slows for them, the prospects for immigration reform, i don't believe are nearly as high, if you don't get what mark has been saying now for over two weeks. the sequencing done right on this cut spending cuts and tax reform. things sound great and they're moving along now. but joe, as we talked about earlier, you're going to have reticent democrats. and even key congressional races who are going to slow down a bit and saying, look, i want immigration and guns dealt with, what are we doing about the economy and the budget, the debt, and tax reform? >> and this is, richard haas, you can only push people so far, i mean, not the republicans' best friend. this weekend said democrats you're about to lose me. i pay 40% federal, 15%. well, i hear we have it cued up. let's go. this is bill maher this weekend. >> -- actually do pay the freight in th
-business lawmakers trying to rescind the letter fearing high-build investors who build the economy will flee to lower tax state. >> the game is rigged. yuf want win. we can change the rules on you after the fact. that is not fair. >> ironically for a tax break design to inven insent vise investment, it's reinforcing california antibusiness reputation. jerry brown issued a statement -- we are reviewing the situation to term how best to help the business owners given court's decision." >> ultimately, the legislature can try to fix it but the bill is still on the governor's desk. >> state he affected taxpayers can request a waiver to hope they lamer out a deal. if the reprieve does not come, the tax man will. >> bret: william la jeunesse in los angeles. thank you. >>> the house has begun general debate on the budget on capitol hill. that discussion will continue in to tomorrow. followed by debate on the proposals by republican paul ryan. alternatives. housing start meantime continue to rise. february's numbers where are behind only december's. as the best since 2008. building permit request reached 4-1/
it again. cyprus is only the third smallest economy in the euro zone. if it has to devalue its currency, then do we have a domino fall and a fall in other places, spain, italy, and then do we see the whole thing going over with greece and the rest? >> and impacts us, and people may begin to take some of their money out of stocks here at home. >> what happens, people flee, basically, to quality. the dollar go up and treasuries being bought and see people getting out of risky things such as stocks. >> harris: you're the silver lining person on fox report weekend. you always find it for us and say later on in the week no matter what happens, if we feel a hiccup, if we don't, because of this week and cyprus and european problems over there, we have some good news coming? >> plenty to move the markets this week, and we have news on housing, both on prices and pending home sales and prices across the country and he we also have consumer confidence which has been quite high. so the housing rebound is something that's been pushing the bulls and they have been very resilient. we've seen them run
that has to do with the smart investments that we know we need to get the economy growing again, those are off the table. big tax cuts for the wealthiest americans that has to be made up by somebody and we know who that somebody is. >> thank you for coming in. there is no huge surprise that the ryan budget overwhelmingly passed in the house or that it failed in in the senate, but three senators voting against it, rand paul, ted cruz, mike lee. that's a new thing, tea partiers saying i'm even more conservative than paul ryan. is that the message? >> yeah. that is the message and also 2016 is the message. two of those three folks you mentioned have presidential ambitio ambitions. the rhine why we're in this situation in the first place is the inability to come together and pass a real budget. and really we see a new base rhine where these big tee bates are taking place, but the new sort of normal is the spending levels that were set by sequestration. and so yesterday we did see congress pass, pass a continuing resolution, pass a stopgap spending bill that went to the white house. and it
in 2011. >>> the economy's recovering. iraq overtook iran last year to become the second largest oil produce iramong the members of petroleum exporting countries. only saudi arabia produces more. the volume of foreign investment is 20 times grater than it was four years ago. residents of baghdad can now spend their money at a shopping mall in the capitol. still shias show little sign of letting up in their fighting. >>> north korea's leader has called for rebuilding the country's light industrial sector. he said the aim is to become an economic power and improve the standard of living. state run tv reported that kim jong un made the speech at a meeting of industrial workers in pyongyang. he id denounced the joint exercises. pyongyang watchers say kim jong's announcement is over severe economic conditions. he is now reportedly the father of a baby girl. a source familiar with north korea/china relationsing told nhk that kim's wife gave birth in late january. the source learned about the birth from an official of the ruling korean worker's party. former player dennis rodman visited the
a two day meeting on the economy this afternoon. then fed chairman ben bernanke will hold a news conference. we will have live coverage of his remarks to reporters at 2:30 eastern on c-span3. here's some of what we're covering this morning. the house is expected to finish work on the republican budget of the 2014 budget. live coverage of 10:00 eastern on c-span. on c-span2, the senate is working on a measure to fund the federal government for the rest of the fiscal year. testifying about the ongoing two year civil war in syria. that live hearing starts at 9:45 eastern. this week marks the 10th anniversary of the start of the iraq war. in 45 minutes we will talk with california representative barbara lee, who opposed u.s. military action in iraq. and a congressman who served as a u.s. air force reserve chaplin, we will get his perspective on the war and veterans' issues. will, a virginia senator join us as part of our spotlight on magazine series. he writes about the role of congress in u.s. foreign policy. we will also take your calls, e- mails, and host: good morning, and welcom
taxpayers. in 1990's president clinton worked with a republican congress to grow the economy and to restrain spending. in the 1990's, the balanced budget agreement actually resulted in a much faster balanced budget than anybody anticipated. balancing the budget was a major accomplishment for republicans in the 1990's, and also part of president clinton's legacy. i would hope that president obama would learn from that. the american people overwhelmingly support balancing our budgets. and the budget the senate democrats are considering never balances, ever. that means more debt, fewer jobs, and, frankly, much higher taxes from the american people. we certainly hope the president will change his mind and submit a plan that actually balances the budget. let's be clear, the democrats in this town who reject the goal of balancing the budget i think were out of step of where the american people are. the american people know you can't continue to spend money you don't have. i didn't come here for a fancy title or big office. i want to hand my kids and grandkids the same shot at the american dream th
with a republican congress to grow the economy and restrain spending. result7 agreement unnamed much faster balanced budget than anybody anticipated. balancing the budget was a major accomplishment for republicans and part of president clinton's legacy. i would hope that president obama would learn from that. the american people support balancing our budgets, and the budgets that democrats are considering never balances, ever. that means more debt, fewer jobs, and much higher taxes from the american people. we hope the president will change his mind and submit a plan that balances the budget. let's be clear, democrats in this town who reject the goal of balancing the budget are out of step. the american people know you cannot continue to spend money you do not have. i did not come here for a federal tight -- fancy title. i want to hand my kids and grandkids the same shot at the american dream that i had, not some mountain of debt. that is why republicans are working to balance the federal budget. been talk about the budget here. thatu think budgets -- they are essentially political weapons -- [indis
on the global economy. particularly in asia. every adjourning area next to iran is susceptible to a local war which used to be called people's war. passivelyus to be friendly, expecting soviet reactions. likelyasked what is the soviet reaction by the president of the united states? they may state border incidents, we have had lots of them. then he says they may invade us from mongolia where they have 22 armored divisions and strike southward towards beijing directly. he says we will use people's war, and i know what he meant. the kind of things we experienced also. people's wars do not end quickly. we are not going to kill all iranians. inn if they do these things the region. the protracted conflict will make this experience a bit -- make this experience of a decade ago seemed like a trifle. therefore i am worried by we are trying to buy off this pressure the president is feeling for commitments to military action against iran without fully contemplating the large scale geopolitical consequences, the affect a effectthe this -- the that we will be alone in this adventure have no illusions. eve
or the economy. this is something that will come up again with the debt ceiling fight this summer. but if you look at what the senate just passed, this is as christina said, they want to raise taxes. >> guys, let's switch to gun control here. christina, there's mention of the push for the gun control measures. a new gun control law was signed into law described as tough but does not ban semiautomatic assault weapons. here's the governor today. >> i get the feeling right now around assault weapons is that it's hard to define what assault weapons is, whether the ten-year ban, the federal ban made a difference. >> so colorado can't pass a ban on semiautomatic assault weapons. do you take that as a sign it's not going to pass in any state? >> well, it's really hard to know. every state is different. but there is a huge question here. lawmakers feel a lot of pressure from gun lobbyists, gun rights groups and this is why the effort is so interesting. he says he's going to spend $12 million to really look at senators that might be persuadable, particularly those with strong gun rights cultures in th
: without knowing the structure of the new bedford economy, it is experiencing what a lot of people are experiencing. depending on the industries, you are a winner or loser depending on the structure of your economy. places that are strong in are growing.ces information sector, utilities. these are areas that have not been growing. host: talk about new england. aest: i grew up outside of town in massachusetts. it has similarities to new bedford. .bout 100,000 people strong industrial heritage. it redefined and re-scope itself successfully over the last couple of decades. massachusetts recognizes that its older cities have these challenges. and i go home to visit, there have been efforts to revitalize the older cities. they have lots of charms. new bedford has a wonderful whaling history. has worked atry sincetizens -- census 1997. we are looking at population changes. our other guest is lisa sturtevant with guest: richey-- where mason university she is a p deputy analysis. let's hear from bob, south dakota, rural. caller: i have some comments. [indiscernible] we should look at our
, in science and research, in education. things that are important to power the economy. our focus has been on jobs first. let's get the economy in full gear. not put the brakes on it. which is what the republicans do. they've gotten austerity budget that according to the nonpartisan congressional budget office, will result in 750,000 fewer jobs bn i end of the year. so we say let's tackle the deficit in a smart way, get people back to work and reduce it over a steady period over a period of time and our comes to balance at the same time that the republicans' budget from last year comes into balance. >> on the issue of revenue, i believe your budget has about $200 billion more in revenue than senator murray's budget in the senate. why did you put that in there considering that republicans are so adverse to any new revenue? >> the budget we have in our democratic proposal. if you take it even together with the revenue from the fiscal cliff agreement, is still less total revenue, luke, than was embedded in the bipartisan simpson-bowles agreement. so we have less revenue proposed by that bipar
, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. [ female announcer ] stress sweat is different than ordinary sweat. it smells worse. get 4x the protection against stress sweat. introducing new secret clinical strength stress response scent. mr. wiggles and curling irons. for the little mishaps you feel, use neosporin to help you heal. it kills germs so you heal four days faster neosporin. also try neosporin eczema essentials. >>> tonight president obama is traveling to israel in his first foreign policy trip since winning re-election. tomorrow he'll met with israeli prime minister benjamin netanyahu. topping the agenda, iran's nuclear ambitions. on thursday the president will tour the west bank and meet with mahmoud abbas, president of the palestinian authority. then friday it's on to jordan f
moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: a decade after the iraq war began, the violence has not abated. today was the bloodiest day this year, as insurgents staged multiple attacks. a high-level minister was assassinated and dozens more died. a warning: our story contains some graphic images. thick, black smoke rose above the sadr city district in baghdad, where a car bomb went off today, in one of several coordinated attacks to rock the iraqi capital. 65 people were killed and more than 100 wounded. in another instance, an explosion ripped through a popular market near baghdad's fortified green zone. >> there is a checkpoint at the main gate, but it is in vain. they do not s
. let me turn to this second point. the war has affected the economy as well and left us with a legacy of higher oil prices and much higher national debt to. the iraq war costs set off a chain of events that had high reaching consequences. i was speaking about budgetary costs, but there are vast costs into civil society, here and in iraq, economic costs and financial costs, and some of those costs are borne by individual society or society at byge rather than directly the government. there were many of these costs i can talk about, but let me highlight a couple. if we think back to when we invaded iraq in 2003, oil prices to order $50 a barrel. and the markets including china and india predicted those would remain in that range for the next decade. oil prices are complicated, but most agree that iraq was one of the triggers of lead to oil prices shooting up shortly after the invasion. oil prices peaked do you since then we have rarely seen oil prices below the level of $100. if jo stieglitz were here, he would argue very strongly that we need to connect the dots, that oil prices contri
economy on the verge of bankruptcy. at the meeting earlier, he was being slightly more diplomatic. >> we are here to find a solution this evening. it must the global, it must be fair. it is important that we are in a position to help cyprus handle is financial systems, which involves serious restructuring and controls. the eurozone is doing its bit with its $10 billion -- 10 billion euro loan. it must not only be global, but fair. lows not fair to hit the income savings. >> all the talking going on in brussels among all the politicians, the banking, financial leaders, people in cyprus are extremely concerned to know exactly what is going to happen to the future of their country. >> they must be watching all of this very nervously indeed. there were earlier some optimistic noises coming out of cyprus. they were saying they were making significant progress. i have not heard the word significant used here, though i have heard a college meant that progress has been made. -- an acknowledgment that progress has been made. against cyprus, it's time to pray. for many in this deeply orthodox coun
to ask for money. but if they don't get a deal their economy collapses. businesses can't pay suppliers or employees if the banks stay closed. when it happened in argentina in 2001, the people there were reduced to bartering for food. lester? >> michelle caruso-cabrera tonight. >>> back in this country the fight over guns heated up today with two of the most visible figures in that debate arguing their positions on morning television. nbc's kristin welker has more on that from the white house. >> reporter: with stiffer gun laws facing an uncertain future in congress, new york mayor michael bloomberg squared off against national rifle association's ceo wayne la pierre on "meet the press" today. >> i think i've spent $12 million on running ads. >> he can't buy america. >> tell didn't don't protect criminals. >> reporter: bloomberg announced a $12 million campaign aimed at convincing swing senators to support universal background checks. >> i've owned a gun all my life and i'll fight for my right to keep it. background checks have nothing to do with taking guns away from anyone. >> reporte
democracy. it will soon be one of the world's largest economies. its involvement in asia will be a welcomed addition. the u.s. must work with india to reduce her domestic constraints to growth and increase foreign direct investment, reducing red tape, increasing the supply of electricity, improving the tax system, strengthening the ability to enforce contracts will all live in the is ranking and spur business growth in a way that has been missing thus far. since asia's economy is largely based on global supply chains, it is absolutely critical for india to enact reforms, to liberalize its economy, to tap into this regional market. this is out in the anchors itself in the asia-pacific region, and we should do what we can to help leverage those reforms inside india. that is why i believe the administration must redouble its efforts to secure a u.s.-india bilateral investment treaty. current negotiations are proceeding far too slowly. there are important issues to resolve. it's going to take a concerted effort to make progress, but once the vat is firmly in place, the u.s. should work with ind
. as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. the people of bp made a commitment to the gulf., and every day since, we've worked hard to keep it. today, the beaches and gulf are open for everyone to enjoy. we've shared what we've learned, so we can all produce energy more safely. bp's also committed to america. we support nearly two-hundred-fifty thousand jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. watch this -- alakazam! ♪ [ male announcer ] staples has always made getting office supplies easy. ♪ another laptop? don't ask. disappear! abracadabra! alakazam! [ male announcer ] and now we're making it easier to get everything for your business. and for my greatest tri
, an international launch industry that's far from robust. now, our economy depends on the ability to create and instantly distribute vast amounts of data around the planet. space-based platforms have become a vital link in the national and global economies, and they're essential to the prediction of weather, navigation in all forms of transportation, the operation of power grids, the completion of local and global financial transactions and communication to mobile platforms whether they be on land, sea or air. commercial satellite industry also plays a critical role in supporting government operations. commercial satellites supply the majority of communications in afghanistan and iraq. today our satellites are still flying almost all of the dod's unmanned aerial vehicles, and we're providing the vast majority of the navy's communications at sea. to address the challenges that i mentioned earlier, the leading space operation, operators have gotten together on a number of complex cooperative projects, probably the most significant of these is the space data association or sda. the formation o
of that was the contribution that, well, we didn't have secure borders and at a time when the economy is cratering, all of a sudden it became a very dark process, we're eating our own tail. more jobs for immigrants may have meant less jobs for someone else. and the way you lead yourself out of that is, no, no, everyone has something to con tribute. let's get an immigration process that brings people who want to come here, who want to become americans, who want to contribute to this country not take from this country. and that's always been the republican message. fortunately, they allowed a few republican media consultants to stay. i'm happy about that. but our problems are bigger than just hispanics or women or young voters. our problems are that as a party, you're supposed to lead people over the horizon to a better place. and we for got that. we thought our principles were just good for saying no, to be the brake pedal on the car, not to get our hands on the steering wheel. but you're seeing that change. these past couple of weeks, you saw change in the cast of characters in the republican party. it
buffenbarger sharpening america's edge on the global economy. find more by going to go aiaim.org. good to have you with us and happy to welcome back into the studio this morning one of our good friends from huffington post, keeping his eye particularly on the economy and it plight of working class americans, arguments you are delaney. you are looking good this morning. >> thanks, bill. >> ready to go. >> normally in a tie though. >> i am wearing a tie. why are you wearing a tie? i don't wear a tie. you are wearing a tie. >> i usually wear a tie. >> okay >> bill: not for this radio show no it's a matter -- it's become a matter of principal. authur authur, we are now what? three weeks, is it? >> yeah. >> how bad is it? >> doesn't seem bad at all. >> well, when it first started, that first day, all of the news cameras were at the airport. whoa there was no delay here for obama. now, people are getting laid off. for them, it sucks. for everybody else potentially, it's going to start to sink in. >> is it? do you see signs of it now? for example, i saw the ot
tonight's. jon: getting a read on the true u.s. economy. the dow jones has been surging. a 57 points in the mid-14,000. the national debt keeps soaring as well. washington seems unable to find a solution. the unemployment rate stubbornly high. chief correspondent jim angle takes a look. >> enormous amounts of money into the economy, they will be gasping for air. listen to this. >> it was crucial in the crisis and the fed is very powerful at stopping the fall. but it's not good at pushing one investors who don't really want employers who don't want to hire. it has been pretty unsuccessful. >> some know that some small signs of recovery in the housing market have occurred. even with the creation of 236,000 jobs in february, job growth has lagged and is still dismal. >> is the worst business cycle that we have had since the end of world war ii in terms of job creation. we haven't even gotten back to where we were at the peak of the previous business cycle. reporter: the unemployment rate remains high. administration officials predict it would be about 5%. including all of those who took
to a healthy, productive economy that will also help grow our way out of the situation. >> congresswoman, one thing, we have house speaker john boehner and the republican senator rand paul. they have differing views on whether we're truly in a debt crisis at this moment or not. take a listen. >> we do not have an immediate debt crisis. but we all know that we have one looming. >> we do have an immediate problem. it's gathering storm. it's going to be enormous. >> all right. gathering storm. it's going to be enormous. how come there is such a disparity among republicans not being on the same page of whether we're in a debt crisis or not? >> well, i think you could look at $16 trillion worth of debt and while it may not be a crisis today, it is definitely a problem and rand paul is right. it is looming and it is going to be an enormous deal because if you stayed with the president's budget, the path that it puts you on is by 2022 you're going to have $25 trillion worth of debt. and what we are saying and what speaker boehner is saying is we still have time to manage through this so that it does
adviser at the time, made war with iraq make it sound like it wouldn't cause a dent in the economy. "the likely economic effects would be relatively small. if the united states goes to war in iraq to depose saddam hussein." "the key issue is oil and a regime change in iraq would facilitate an increase in world oil which would tend to lower oil prices here." there's more of this. >> oil prices went up. the number i always used to say when i talk about iraq often and paul and i would have these debates and when this was really in conscience, $20 billion on air-conditioning in iraq per year during the height of the year. $20 billion on air-conditioning in iraq and afghanistan. >> in 2002, richard pearl, chairman of the defense policy board said "we're not talking about a massive invasion along the lines of '91. we're talking about a much more modest effort in which the united states will assist iraqis in freeing their country." let me get over to paul about the manpower and loss of lives. and the world you live with. 31,000 wounded. about 600 amputees. give me a sense of your own personal e
in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. full of beautiful highlights and lowlights. that's why nice'n easy builds dimension into every shade. so here's a challenge: love the gorgeous dimension of nice'n easy or we'll pay for a salon color. take the salon challenge, from nice'n easy. >>> lucky for me, my finances aren't so tight i have to do commercials like failed republican candidate fred thompson. but when my day comes as it surely will, and i'm desperate to do reverse mortgage commercials, i won't have a chance of getting one unless i first run for president as a republican and lose. that is actually the surest way to book a national ad campaign as an actor. it all started with bob dole. to get his career in commercials started, first he lost the 1996 presidential campa
, and it was a race about the economy and it was not a race about social issues and it's not a race about the various flaws that gingrich has. right now the republican party is fast moving away from what santorum said. we don't need to tell ourselves that we're great if we stay more conservative. the republican party as an institution is trying desperately to expand itself beyond that and while conservatives are saying what santorum is saying if only we had been more pure in 2012. >> how can he go to the senate at the same time you want to go right. there's a struggle, but if -- >> my hunch is they're going to go right because they'll see it coming and they'll say we're not going to be there and let's have some fun. great reporting and great scoop. michael sheer, thank you, as well. >> up next, michele bachmann has a knack for stretching the truth and she does and he's back at it this week. our bachmann pants on fire fact check. this is "hardball," the place for politics. while keeping out threats to your operations? it's not working! yes it is. welcome to tyco integrated security. with world-class m
: what does this do for oakland's economy? >> last year the economic impact was about $4 million. we expect it to be a little bit more this year. and also there is always the charity piece. number of charities are involved once again. we expect the race probably in the neighborhood of $400,000 for charity. >> reporter: you've got people coming here taking part in this race from all over the down from industry and the united states. the full marathon is the first race that will kick off here. that will happen a half hour from now at 7:30. we'll be here for that. for now we are live in oakland alex savidge ktvu channel 2 news. >> thanks. we do have more information about the race on our website just two to ktvu.com and click on hot topics. >>> secretary of state john kerry makes a surprise trip to baghdad. kerry has been meeting with the leaders with other middle eastern nations. earlier he traveled to saudi arabia and egypt. last week he accompanied president obama to egypt. this is kerry's first trip to iraq after becoming secretary of state. >>> pope francis celebrated his first pal
at where defense spending is today either as a percentage of the economy or budget, it's below post-war norms. under the president's budget it will fall more rapidly. the main cause that we saw today of the explosive growth in spending over ten years, president obama made that worse although the republicans in congress ten years ago didn't cover themselves and the changing face of america. we have many more now supported by workers for the retirement programs and a noble important purpose. they need to be preserved for the next generation. >> you are a proud veteran and something i find to be interesting to some degree of polling is the lack of availability for benefits for those who have served so nobly and come home. i want to put up the stats for you. veterans affairs data. 600,000 veterans have benefits and 245,000 have benefitings back lock logged aier or more. the average is 273 days. the first time claimants from iraq and afghanistan, the average wait is 316 days. how come if you go out and fight for your country and bleed and come back wounded, you are waiting up to a year t
who believe the fed will keep stimulating the economy by leaving near record low interest rates where they are. that's despite a strengthening u.s. economy and rising home prices. new this morning, the congress department announced home starts were up in february. construction rose at its second fastest pace in four and a half years and there is a positive sign for future construction as building permit requests jumped more than 4.5%. that's the most since june of 2008. >>> developing news. we're finding out more about last night's explosion in nevada that killed seven marines. ktvu's pam cook is in our newsroom to tell us exactly what happened. >> reporter: we're still trying to figure out exactly what happened but the pentagon has confirmed that at least seven marines were killed, seven others injured during a training exercise last night. it happened at the hawthorne army depot in nevada, not far from the california boder. 145 miles southeast of -- border, 145 miles southeast of re knee. it's used to -- reno. it's used to train forces. we have new video of some of the injured marin
understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. >>> smoke rose over baghdad today on this the tenth anniversary of the u.s. invasion. there were 17 car bombings and seven roadside bombings in iraq. at least 53 people died. cnn's standing by live in baghdad. we'll get to her in a moment. first a quick look back. ten years ago today, i was in kuwait reporting on the start of the iraq war. the bush administration insisted saddam hussein had weapons of mass destruction. we were told to be prepared for the worst. and we were. we've been given these backpacks with a lot of protective gear. among other things, in case of the worst case s
talk". the obama economy slowly growing as markets pushed higher. former federal reserve vice chairman and noted princeton economist with us here next. ♪ ♪ lou: well, amidst all today, the housing market showing signs of a robust recovery. a former vice chair of the fed and noted economist alan blinder joins us here tonight to talk about the possibilities of a return to prosperity. and on wall street, the dow jones industrials powering through all those zero lorries to close higher. many investors still concerned about the eu bailout and the cyprus rejection of the eu mandated tax on the small depositors. news that the housing sector is stronger than expected helping to overcome some of the markets and today. the dow up about four points. the s&p fell to the same number, the nasdaq down almost nine. big board volume today picking up. gold moving higher, up 670, closing at 161130. crude oil dropping a dollar 58 to 9216 per barrel. the bond market and interest rates falling. the ten year treasury just under 2%. federal reserve policymakers beginning their 2-day meeting. my next guest
china and its economy, and the deals it has cut in countries such as iran, pakistan, etc., you will see that probably is true. page of "thent washington times" yesterday is how china is the largest exporter of weapons. is that a direct link to what happened? guest: i think if you look at how china has positioned itself -- and they have every right to. we are the ones who i think made a strategic error. but if you look at how china has positioned itself economically to take advantage of what is coming out of all this chaos -- afghanistan as wl, pakistan as well. pakistan considers china it's number one friend. strongeru lk at the assertion in east asia of influence, you can see how china has benefited. our office was the leading proponent of what became known as the pivot to east asia while i was in the senate. i spent a lot of time in east -- and weefocused focused as much as we could on strengthening relations with japan, korea, vietnam, singapore, and changing the formula in burma and i led the first delegation into burma in 10 years or it -- in 10 years. by going into iraq the way we
's the view of economists who believe the fed will keep stimulating the economy by leaving near record low interest rates where they are. that's despite a strengthening u.s. economy and rising home prices. new this morning, the congress department announced home starts were up in february. construction rose at its second fastest pace in four and a half years and there is a positive sign for future construction as building permit requests jumped more than 4.5%. that's the most since june of 2008. >>> developing news. we're finding out more about last night's explosion in nevada that killed seven marines. ktvu's pam cook is in our newsroom to tell us exactly what happened. >> reporter: we're still trying to figure out exactly what happened but the pentagon has confirmed that at least seven marines were killed, seven others injured during a training exercise last night. it happened at the hawthorne army depot in nevada, not far from the california boder. 145 miles southeast of -- border, 145 miles southeast of re knee. it's used to -- reno. it's used to t
the recession that follows on as they try and make the economy back on track. this was done because some european countries believed to be the fins and germans and other northern european countries wanted to make sure they were not seen as bailing out rich russian who have accounts in cyprus. or indeed they now felt that people had to pay their part of the pain. but it was not done in ireland. it was not done in portugal. it was not done in greece. and with the prospect of possibility of spain and italy, you can see -- i cannot find, michael and suzanne, i cannot find one economist or banker that i've spoken to today that says this was a good idea. everybody agrees it was a pretty awful policy. >> let's bring in alison. i want you to weigh-in on the conversation here. we're looking at the u.s. markets. looks like it's down by eight points or so. what is the impact do you think in the united states? >> it's actually come back a long way, hasn't it? >> michael, it really has. you saw the knee-jerk reaction right when the bell opened the dow dropped as much as 110 points. obviously it's com
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